Carlsberg to buy Britvic for 1,315p per share
Carlsberg will also buy out Marston39;s from brewing joint venture
Danish brewer plans to create integrated beverage business in UK
Shares in Carlsberg, Britvic, Marston39;s all rise

July 8 Reuters Carlsberg has agreed to buy British soft drinks maker Britvic for 3.3 billion pounds 4.23 billion and buy out UK pub group Marston39;s from its joint venture with the Danish brewer, in a bid to create a UK beverage company.

Carlsberg shares rose nearly 4 in morning trade. Britvic rose nearly 5 and Marston39;s jumped 15.

We view it Britvic deal as a relatively low risk transaction with attractive financials, Jefferies analysts wrote in a note.

Carlsberg39;s announcement on Monday said that it plans to create an integrated beer and soft drinks company in Britain, taking advantage of common procurement, production and distribution networks.

Founded in Denmark in 1847, Carlsberg has a long history in Britain.

It first shipped its beer to the United Kingdom in 1868 and started brewing in Northampton, England, in 1973. In the 1990s Carlsberg merged with the owners of Tetley39;s ale and in 2020 formed a brewing joint venture with Marston39;s.

The new Carlsberg Britvic business will also strengthen the Danish group39;s partnership with PepsiCo, which has bottling deals with both Carlsberg and Britvic.

All major brewers are looking to expand into new products in the face of longterm decline in some markets, with some drinkers…